Payday Loans in Ripton, Vermont

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

No payday loan companies in Ripton, VT. Consider companies in other cities:

Company nameAddressZip codePhone number
Mike Heyl - State Farm Insurance Agent 2456 Christian St 203, White River Junction, VT 05001 +1 (802) 295 - 3120
United States Postal Service 3054 VT-116, Starksboro, VT 05487 +1 (800) 275 - 8777
TD Bank 1855 Williston Rd, South Burlington, VT 05403 +1 (802) 658 - 0229
United States Postal Service 562 VT-30, Newfane, VT 05345 +1 (800) 275 - 8777
People's United Bank 421 Blair Park Rd, Williston, VT 05495 +1 (802) 879 - 1213
United States Postal Service 80 Main St Ste 101, Richford, VT 05476 +1 (800) 275 - 8777
Members Advantage Community Credit Union 265 S Main St, Barre, VT 05641 +1 (802) 479 - 9411
Peter Trottier - Raymond James 346 Shelburne Rd, Burlington, VT 05401 +1 (802) 863 - 5534
Yankee Farm Credit ACA 289 Hurricane Ln # 102, Williston, VT 05495 +1 (802) 879 - 4700
ARIS Solutions 72 S Main St, White River Junction, VT 05001 +1 (802) 280 - 1911

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Ripton, VT, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Burlington, VT. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Ripton, VT.

Beautiful sights of Ripton, VT

Payday Loans Available in Ripton, VT By The Following ZIP Codes:

05766

Are Payday Loans Legal In Ripton, Vermont?

Payday Lending is Prohibited in Vermont

Vermont Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

Ripton, VT payday loan calculator

Understanding Payday Loans in Ripton, Vermont

Payday loans, also known as cash advances, are short-term loans designed to provide financial relief between paychecks. However, in Ripton, Vermont, these loans are illegal and prohibited by state law.

Why are Payday Loans Prohibited in Vermont?

Vermont lawmakers have been vocal about their opposition to payday loans, citing their predatory nature and exorbitant interest rates. In fact, Vermont is one of only a few states in the U.S. that has banned payday lending entirely.

The average interest rate on a payday loan is around 400%, which can trap borrowers in a cycle of debt. The high fees and short repayment terms often lead borrowers to take out new loans to pay off the old ones, leading to a cycle of debt that can be difficult to break free from.

What are the Alternatives to Payday Loans in Ripton, Vermont?

Fortunately, there are alternative sources of financial assistance available to residents of Ripton, Vermont. Some options to consider include:

  • Credit Unions: Credit unions often offer small loans with lower interest rates and more favorable repayment terms than payday lenders.
  • Personal Loans: Many banks and lenders offer personal loans that can provide short-term financial relief with more favorable terms and interest rates than payday loans.
  • Government Assistance: In addition to state benefits like unemployment and disability, Vermont also offers financial assistance programs like the Reach Up program and 3SquaresVT that can provide emergency aid to those in need.

Interesting Facts About Payday Loans

While payday loans may be prohibited in Vermont, they remain a popular option in many other states. Here are some interesting facts about payday loans:

  • The average borrower takes out eight loans per year.
  • Each year, payday loans cost Americans over $9 billion in fees.
  • The highest payday loan interest rates are found in Tennessee, where the average rate is 460%.

Apply Now

If you are in need of financial assistance, TheGuaranteedLoans can connect you with potential lenders who offer a wide variety of loan options. Fill out our online application today to get started.

Remember, TheGuaranteedLoans is a connector service and not a direct lender. We work with a network of reputable lenders to help match you with the loan that best fits your needs.

Conclusion

Although payday loans are prohibited in Ripton, Vermont, there are many alternatives available to residents in need of financial assistance. By choosing a credit union, personal loan, or government assistance program, borrowers can avoid falling into a cycle of debt caused by payday loans and find the relief they need without risking their long-term financial stability.

F.A.Q.

Can I be sued for not paying back a payday loan in Ripton, Vermont?

Because payday loans are illegal in Ripton, Vermont, lenders cannot sue borrowers for not paying back the loan. However, borrowers may still be responsible for paying back any money they borrowed, even if the loan was illegal.

Can payday loan lenders garnish my wages in Ripton, Vermont?

No, payday loan lenders cannot garnish your wages in Ripton, Vermont because payday loans are illegal in the state.

Look for Short-Term Loans in Other Cities: